Pay awards and increasing costs among budgetary pressures for health service
Pay awards and increasing costs are among the factors behind a forecast overspend of almost £30m at Manx Care this year.
The healthcare body says it's currently expecting to be £27.2m over budget for the 2023-24 financial year.
Manx Care published an updated set of figures as part of its agenda for this week's board meeting.
The accounts show a forecast overspend of £27.2m, but Manx Care says it's expecting a sum to be approved from the Department of Health and Social Care's reserve, which will reduce that total to £22.2m.
An expected pay award for Manx Care employees above 2% is among the pressures on the board's budget, with Manx Care stating this accounts for £7.2m of the overspend.
Meanwhile staffing costs for the year to date are so far £0.9m over budget.
The board's Finance, Performance and Commissioning committee also cites an increased spend of £24.4m compared to a budget increase of £20m.
The committee's report says the overspend is a concern, and has escalated it to the Manx Care board.
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